India's Coffee Day falls in trading debut
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Mumbai
COFFEE Day Enterprises Ltd, the Indian cafe operator and coffee exporter, fell in its trading debut after the company and investors including KKR & Co raised 11.5 billion rupees (S$246 million) in India's biggest share sale in three years.
The stock slumped to 291.80 rupees, 11 per cent lower than the initial offering price of 328 rupees, as at 10.55 am in Mumbai trading.
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